Colchester, Connecticut

Cafeterial Financials - August 2021

BOE Budget Committee Meeting 9:00AM (REVISED: 1pm 10/5/2021)

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budget FY 2021-22 BoardDocs (BOE meetings) 2021-10-07

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Colchester Public Schools
                Cafeteria Financials
                                                                                                                                                   Unaudited
                                         Audited       Audited     Audited     Audited      Audited       Audited        Unaudited                  Aug-21
Revenues                                FY 2014-15    FY 2015-16  FY2016-17   FY 2017-18   FY 2018-19    FY 2019-20      FY 2020-21               FY 2021-22
State                                 $    35,189.00 $ 36,854.00 $ 33,955.00 $ 33,057.00 $ 32,587.00 $       31,709.00 $     31,103.00           $        -
Federal                                   246,487.50   225,551.27  213,522.60  210,845.09   248,626.41     221,602.55      524,812.33                     -
Interest                                       11.22        14.07       38.83         8.03         9.40           6.39             -                      -
Food Sales Non Program                                              14,752.60     9,441.17     8,611.82       7,495.21        2,363.11                    -
Food Sales Program                        421,187.13   375,726.34  369,109.60  375,612.62   368,792.88     254,370.60        13,235.05                    -
Miscellaneous Revenue                                                                                                         1,336.80
Total Revenue                         $ 702,874.85 $ 638,145.68 $ 631,378.63 $ 628,963.91 $ 658,627.51 $   515,183.75 $    572,850.29 $                   -

Expenditures
Wages,Fica,Medicare,Retirement        $   345,305.42   355,125.97     361,466.58   355,121.22   338,094.57           354,132.06      357,610.08    9,459.41
Employee Insurances                        97,649.10    70,518.60      72,049.90    70,668.25    64,986.10            71,128.60       80,514.25         -
Food Program                              203,921.76   193,464.77     162,873.31   144,873.85   178,223.87           134,296.74      150,182.17    1,967.51
Food Non Program                                                       24,816.31    26,683.83    26,719.28            18,280.03        3,002.72         -
Other Costs                                26,100.94    30,098.86      29,513.32    42,860.70    35,197.04            24,568.11       29,545.78    3,582.87
Repairs/Maint                               3,355.51    19,564.74      15,553.08    11,614.25    12,394.23             5,662.18        5,288.77      412.50
Equipment                                        -       3,204.74            -          23.97     1,920.00                  -         15,500.00         -
Total Expenditures                    $   676,332.73 $ 671,977.68   $ 666,272.50 $ 651,846.07 $ 657,535.09 $         608,067.72 $    641,643.77 $ 15,422.29

Net Gain (Loss)                       $    26,542.12 $ (33,832.00) $ (34,893.87) $   (22,882.16) $     1,092.42 $    (92,883.97) $   (68,793.48) $ (15,422.29)
BOE Funding                           $          -               0             0 $          -    $          -    $   139,260.26 $     43,304.29 $         -
Fund Balance, Beginning               $    43,461.39 $ 70,003.51 $ 36,171.51 $         1,277.64 $    (21,604.52) $   (20,512.10) $    25,864.19 $      375.00
Fund Balance, Ending                  $    70,003.51 $ 36,171.51 $ 1,277.64 $        (21,604.52) $   (20,512.10) $    25,864.19 $        375.00 $ (15,047.29)